Important Information

The Scottish Oriental Smaller Companies Trust plc

Before finding out more about The Scottish Oriental Smaller Companies Trust plc (“Scottish Oriental”), it is important that you first read and understand the information set out below and also the Investor Disclosure Document which can be downloaded here. Scottish Oriental is an investment trust, incorporated in Scotland with registered number SC156108, whose shares have been admitted to the Official List of the UK Listing Authority and admitted to trading on the main market of the London Stock Exchange plc. Scottish Oriental's Alternative Investment Fund Manager is First State Investments (UK) Limited and portfolio management has been delegated to First State Investment Management (UK) Limited (together “First State Investments”).

Important information for Investors

The information contained on the following pages has been prepared for the use of those people who are United Kingdom residents for tax and investment purposes. By proceeding, you are representing that you are not resident in a jurisdiction outside the United Kingdom. If you are unable to make this representation then you should leave this website immediately. First State Investments believes that the information provided is accurate as at the date of its publication, but no representation or warranty of accuracy is given by First State Investments and therefore no liability in respect of any error or omission by a third party is accepted by First State Investments or its affiliates or any of their directors, employees, consultants or agents.

The information contained in this website is subject to change without prior notice and is not to be reproduced, copied or otherwise made available to persons other than those for whom it is intended, especially anyone outside the UK for tax or investment purposes, without the prior written consent of First State Investments.

This website and its contents have been issued and approved by First State Investments (UK) Limited, in its capacity as Scottish Oriental’s Alternative Investment Fund Manager. First State Investments is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Any comments expressed reflect the views of First State Investments and should not be taken as any kind of recommendation or advice.

Please note the following warnings:

Please remember that the value of investments and the income from them may go down as well as up and that you may not get back the amount you originally invested.

Past performance is not necessarily a guide to future performance.

Changes in exchange rates will affect the value of investments overseas. Gearing, where borrowing is used to fund further investment, can increase the returns in rising markets and decrease the returns in market downturns.

Any tax reliefs mentioned, such as for PEPs and ISAs, are subject to change. Their value depends on the circumstances of each individual investor.

Shares in The Scottish Oriental Smaller Companies Trust PLC have not been and will not be registered under the United States Securities Act 1933 (as amended). The information in this website is not intended for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in any jurisdiction in which such offer, solicitation or distribution would be unlawful including but not limited to the United States of America or for the benefit of any United States persons.

Investments in emerging markets may involve a higher risk than investments in more developed markets. Investors should consider whether or not an investment in funds or companies which invest in such markets is either suitable for or should constitute a substantial part of an investor’s portfolio.

Investments in the Scottish Oriental Smaller Companies Trust PLC may be less liquid than the securities of a larger company, or an investment trust which invests in larger companies, or in more developed economic regions. Securities in smaller companies or an investment trust (such as the Scottish Oriental Smaller Companies Trust PLC) which invests in emerging markets may possess greater potential for capital appreciation, but also involve risks, such as limited product lines, markets and financial or managerial resources and trading in such securities may be subject to more abrupt price movements than trading in the securities of larger companies.

If you are in any doubt about any of the information on this web site, please consult your independent financial or other such adviser authorised to give investment advice under the Financial Services and Markets Act 2000.

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About the trust

The Scottish Oriental Smaller Companies Trust plc is incorporated in Scotland with registered no. SC156108 and is registered as an investment company under section 833 of the Companies Act.

The investment objective of the Trust is to achieve long-term capital growth by investing mainly in smaller Asian quoted companies with market capitalisations under US$1,500m, or the equivalent thereof, at the time of investment. Asia is deemed to include the Indian subcontinent but excludes Japan and Australasia.

Scottish Oriental is managed by First State Stewart Asia which is part of the international investment management division of the Commonwealth Bank of Australia (CBA), one of Australia's largest financial institutions. First State Stewart Asia is a trading name for the following companies which are authorised and regulated by the Financial Conduct Authority: First State Investments UK Limited, First State Investment Management (UK) Limited and First State Investments International Limited.